# How to use the Redeemer

Navigate to the [Dashboard](https://markets.mortgagefi.app/dashboard)

<mark style="color:orange;">(i)</mark> Select the Earn position you wish to redeem for stable coins (example USDC-cbBTC vault) and click the Redeem Earn Tokens button

<div align="left"><figure><img src="/files/lBZlLo66cLyTjj5sQBkQ" alt="" width="563"><figcaption></figcaption></figure></div>

Firstly enter the redeemer contract by burning you Earn tokens. Once you’ve burned your Earn tokens to enter the redeemer you will cease to earn yield

<mark style="color:orange;">(i)</mark> Enter the amount of Earn tokens you would like to redeem into the input box

<mark style="color:orange;">(ii)</mark> Click the Enter queue button

This will enter you into the redeemer queue and issue with an IOU balance. Any additional tokens you burn after will add
to your IOU balance.As mortgage repayments and fees enter the vault the amount of IOUs available to convert will increase

<mark style="color:orange;">(iii)</mark> Check how many stable coins are available to convert (example USDT)

<mark style="color:orange;">(iv)</mark> Enter the amount of IOUs you would like to convert (ensure there are enough available indicated at <mark style="color:orange;">(iii)</mark>)

<mark style="color:orange;">(v)</mark> Click the Convert to USDT button

The amount of stable coins you converted from your IOU balance will be sent to your wallet

<figure><img src="/files/rbH6fMQEPUVlvhZhzWrc" alt=""><figcaption></figcaption></figure>


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